All Forum Posts by: Account Closed

I'm a little late but need to add something. I am never "ready for the call" anymore.

When I first started selling things through direct mail, before I became an agent, I actually made the mistake of giving a live phone number. Only to get awoken at 7:15am by the phone from someone asking, before any introduction, "What's the plan?"

I was half asleep and I had no idea who this person was, much less what the plan was. Lost a good prospect that way.

Since then any advertisement I do goes straight to automated and voicemail. Then I call the people when I'm ready and pulled up basic information.

Ask yourself if you really want to be "ready" for the call 24/7, 7 days a week.

Like other people suggested, I'd recommend using an attorney's free consultation to see what can be done.

Don't quote me on this but I would also check into the owner of the car. Regardless of being insured or not, wouldn't they be responsible for the damage caused with their car? It wasn't a stolen car, they lent it to your tenant and it directly resulted in damage on your property. Try that angle maybe?

Let us know what happens.

On behalf of all decent human beings and responsible business owners, thank you.

Let's compare 2 options:

A) yo joe its been 4monts pay or i have to evict i got bills to pay

B) Hi Joe, how are you doing? Listen I know you're in the hospital and it's a touchy subject but I haven't gotten your last payment and I have bills to pay.

Since you're no longer using the apartment and probably will need a wheelchair friendly apartment when you come out of the hospital, would you consider us mutually agreeing to terminate your contract? Normally the landlord is entitled to a few months rent when the contract is breached but because we would both agree to it, you won't have to pay anything and we can both move on.

Anyway, I'd like to work something out with you that's win-win. Take care and focus on getting better.

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Obviously option A was exaggerated and I'm sure you didn't say it like that but mentioning eviction wasn't a good strategy, especially by text message.

So.. if I understand correctly you want to evict him while he's in the hospital, without talking to him when he's back?

Sometimes I wonder why I even read Bigger Pockets..

Welcome.

What are your plans and strategy?

Hi Shawn,

This is fairly normal and there is nothing wrong with it if you do it right. The 2 main reasons people don't like to deal with buyers is that buyers are more work and, more importantly (for me) you can't leverage your time as well.

You can't deal with 50 buyers at the same time, yet many agents have 50 listings at the same time.

With that said, everyone has something they like more than others. There is nothing wrong with helping people relocate to your area if that's what you enjoy.

It's a great thing that you came and asked for information.

My best advice would be to keep it simple. The situation you described, even if it was possible, sounds like a recipe for disaster.

Just go out there and find another house to rehab that doesn't have all these underlying problems. The time you spent looking into this and trying to help out these fraudsters, you could have talked to 10-50 other people.

What do the other houses looks like?

Personally I'd go with the same colors, just newer looking.

Hello Steve.

Well done on finding Bigger Pockets, you'll find a ton of great info. I haven't seen many people from Roanoke but I'm in the Lynchburg area, not that far.

It's fine but you aren't seeing the whole picture.

You're focusing 100% on the fees (which you'll have to pay most of them anyway) and commissions (maybe 2-3k tops)

=> ie renewal fees, education fees, lockbox fees, E&O fees if your broker doesn't provide you with it, MLS fees, I'm likely forgetting a bunch more.

You completely disregard the advantages for you as an investor. You'd pay 5k to a wholesaler no problem but if it's 2k of your commission, it feels like you're getting robbed.. lol!

If there's 40 people in your office and 20 are full time.. odds are you'll get access to a lot of pocket listings you'd never even hear about at your 100% firm.

Deals you'll have to find yourself with marketing / direct mail / whatever.. which isn't free. Unless you get all of your leads yourself from MLS I guess.

In the end it's up to you but ask yourself if a 2k share of your commission is worth instantly "buying" a preferred relationship with an office full of RE agents and their contacts.